Friday, January 26, 2007

Capital Goes Where It's Treated Well

From today’s New York Times:

The Bureau of Labor Statistics reported Thursday that union membership fell by 326,000 in 2006, to 15.4 million workers, bringing the percentage of employees in unions to 12 percent, down from 12.5 percent in 2005. Those figures are down from 20 percent in 1983 and from 35 percent in the 1950s...

Take a look at the high union states vs. the low union states.

The high union states—New York, New Jersey, Washington, etc—also happen to be high tax, slow growth, population losing, states.

On the other hand, the low union states—places like Utah, Virginia, and both Carolinas—are low tax, pro business, population growing states, with strong economic growth.

It tells you something, doesn’t it?